A Chicago research and consulting firm this morning downgraded its 2008 U.S. foodservice industry nominal growth forecast from 5.1 percent to 3.6 percent, citing a larger-than-expected slowdown in discretionary consumer spending.
At its Foodservice Planning Program meeting, Technomic said that real spending will likely fall this year due to a 4 percent inflation rate.
''Because the restaurant industry often serves as a leading economic… Read More
United States Cold Storage has completed expansion plans for its Tulare-North, Calif., distribution center. A groundbreaking is scheduled for later this month and operations are slated to start in&nbsp; August.
The expansion will add 2.7 million cubic feet of dry storage space, including nearly 11,000 storage rack positions and 4.5 million cubic feet of multi-temperature refrigerated space featuring 17,000 pallet positions.
The $29 million
Kona Blue Water Farms has raised $2.6 million to expand its operations in Kona, Hawaii, and is seeking further funding to begin international expansion, the company announced today. Kona Blue Water Farms, the first integrated hatchery and open-ocean aquaculture operation in the United States, sustainably raises Kona Kampachi, a Hawaiian yellowtail fish.
The company's open-ocean production techniques allow it to grow the fish at ocean depths of… Read More
Trans-Ocean Products of Bellingham, Wash., will launch a national consumer advertising campaign for its Crab Classic brand of surimi seafood, beginning with spots in the February issues of five leading women’s magazines.
The February issues of Women’s Day, Good Housekeeping, Better Homes &amp; Gardens, Family Circle and Ladies Home Journal will feature the ads, which promote Crab Classic as “Today’s Healthy Catch.” Including a
Mercury in seafood - has any other food-safety issue been more grievously misreported by the mainstream media and, as a result, less understood by consumers? There's no questioning the naturally occurring neurotoxin's harm; studies have linked methylmercury contamination to delayed fetal development and health problems in adults. But the source of mercury is controversial. Environmental groups inform consumers that seafood is the main culprit,… Read More
Eight out of 10 swordfish samples randomly purchased in northern California and southern Florida supermarkets had mercury levels that exceeded the federal action level, according to the company that conducted the tests.
Micro Analytical Systems (MASI) of San Rafael, Calif., purchased 142 samples of tuna, swordfish and halibut at 19 supermarkets in November and December last year. Of the 41 swordfish samples it tested, 80 percent… Read More
Trans-Ocean Products of Bellingham, Wash., announced Wednesday that it will close its 56,000-square-foot surimi processing plant in Salem, Ore., by July 1. The company will consolidate all of its surimi-processing assets at its Bellingham facility.
Trans-Ocean President Rick Dutton said in a press release yesterday that the closure’s purpose is to improve efficiency and reduce costs.
“Consolidating production at one plant will streamline our
The recent news that California-based Del Monte Foods decided to sell its StarKist canned-tuna business has sparked interest from several Asian seafood companies.
Interviewed by mergermarket, an online mergers and acquisitions news service, and reported in Financial Times, at least two Asian seafood companies have expressed interested in StarKist, as well as alternative expansion opportunities.
Sources from Dongwon F&B, a Korean food… Read More
This week, Canadian food-safety officials gave Creative Salmon Co. and Marine Harvest Canada the green light to resume harvesting salmon from their Vancouver Island, British Columbia, farms after numerous fish samples tested negative for malachite green, a fungicide banned for use in food production because it's a potential carcinogen. But the companies are struggling to determine why fish samples the U.S. Food and Drug Administration tested at… Read More
Online retailer FreshDirect announced yesterday that it has partnered with Blue Ocean Institute and the Marine Stewardship Council to provide certified sustainable seafood to its customers.
The online retailer is using a stoplight-designed format for more than 40 species of seafood, with the sustainability information provided by Blue Ocean. Green-rated species are relatively abundant in the areas they are caught; yellow-rated species have… Read More